Europe questions French budget

  • The European Commission has said that having completed its assessment of euro zone countries 2015 draft budgets, France is at risk of non compliance with provisions in the Stability and Growth Pact.
  • 6 other countries at risk of non compliance; namely Belgium, Spain, Italy, Malta, Austria and Portugal; Commission says it will examine French, Italian and Belgian situations in March when further budgetary details are finalised.  
  • Ireland's budget found to be compliant with the pact, as were budgets of Germany, Luxembourg, the Netherlands and Slovakia.
  • Estonia, Latvia, Slovenia and Finland budgets 'broadly' compliant.